Monetary Authority of Singapore - News, Articles & Research

BIS and three central banks to test cross-border CBDCs using DeFi protocols

The Bank for Inernational Settlements is working with three central banks to explore cross-border CBDC trading and settlement using DeFi protocols.

03 November 2022

Company announcement/retail

Singapore moves to digitalise bankers' guarantees and insurance bonds

The Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS) today launched eGuarantee@Gov, a simple and secure digital process for businesses and individuals to provide a banker’s guarantee or insurance bond (collectively, “guarantee”) to government agencies within a day.

02 November 2022

News/crypto

Global banks test DeFi protocols for FX and Government bond transactions

DBS Bank, JPMorgan and SBI Digital Asset Holdings have completed the first pilot transactions on Project Guardian, a Monetary Authority of Singapore-inspired initiative that explores potential decentralised finance (DeFi) applications in wholesale funding markets.

02 November 2022

Company announcement/startups

MAS unveils Global FinTech Hackcelerator finalists

The Monetary Authority of Singapore (MAS) announced today the 65 finalists for the Global FinTech Hackcelerator, and the Singapore FinTech Festival (SFF) Global FinTech Awards. These Awards are among the highlights of SFF 2022, which will take place from 2 to 4 November 2022.

28 October 2022

News/crypto

Singapore lays down the law for crypto trading and stablecoins

The Monetary Authority of Singapore (MAS) has published two consultation papers proposing strict regulatory measures to reduce the risk to consumers from cryptocurrency trading while supporting the development of stablecoins as a credible medium of exchange.

26 October 2022

News/crypto

Sibos 2022: MAS chief floats private blockchain networks for cross-border payments

Private sector-led blockchain-based networks and stablecoins could fix "slow, opaque and inefficient" cross-border payments, says Monetary Authority of Singapore managing director Ravi Menon.

12 October 2022

News/sustainable

Singapore's MAS opens ESG Impact Hub

The Monetary Authority of Singapore has launched an ESG Hub designed to spur collaboration between fintech startups, financial institutions and other stakeholders.

06 October 2022

Company announcement/regulation

Singapore and India sign cross-border fintech pact

The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA)IFSCA is headquartered at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat, India. today signed a FinTech Co-operation Agreement (CA) to facilitate regulatory collaboration and partnership in FinTech.

20 September 2022

Company announcement/crypto

MAS grants Capital Markets Services licence to SBI Digital Markets

SBI Digital Markets Pte. Ltd. (SBI DM), a subsidiary of Tokyo-based SBI Digital Asset Holdings (DAH), has just been awarded the Monetary Authority of Singapore’s (MAS) Capital Markets Services (CMS) Licence. SBI DM received In-Principle Approval for its CMS licence from the MAS back in early May 2022.

16 September 2022

Company announcement/regulation

MAS sets out three-year transformation plan for financial services

Mr Lawrence Wong, Deputy Prime Minister and Minster for Finance, and Monetary Authority of Singapore (MAS) Deputy Chairman, launched the Financial Services Industry Transformation Map (ITM) 2025 today.

15 September 2022

Company announcement/sustainable

MAS and SGX launch ESG digital disclosure portal

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) today jointly launched ESGenome, a digital disclosure portal for companies to report Environmental, Social and Governance (ESG) data in a structured and efficient manner, and for investors to access such data in a consistent and comparable format.

12 September 2022

News/payments

Indonesia and Singapore to connect national QR code standards

The central banks of Indonesia and Singapore have commenced work on a cross-border QR payment linkage between the two countries as part of a wider Asean-wide connectivity efffort.

31 August 2022